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the dollar. ai, give us the latest take on that. >> absolutely, catherine. big losses overnight in europe and the u.s. new york share prices plunged on wednesday as u.s. policymakers could not resolve their deadlock over raising the nation's debt ceiling. the dow jones industrial average lost more than 198 points and ended the day wednesday that is at 12,302. the index had dropped over 200 points at one stage. investors placed sell orders on a wide range of issues as lawmakers could not reach an agreement on the debt limit. the stock market lost more ground after the u.s. central bank said the american economy is slowing down in its periodic survey of economic conditions. sources say the focus of market players now is whether lawmakers can come up with a deal before the august 2nd deadline. >>> and to see how stocks are trading here in japan this thursday morning, we cross over to ramin mellegard who is at the tokyo stock exchange. good morning. what can you tell us? >> good morning to you, ai. whey can tell you is that the nikkei has broken below the key psychological 10,000 for the firs
with into the next 24 to 48 hours. all right. as we head now up to the big picture, severe storms are going to be pushing along the northern tier of the u.s. around i think the heaviest rain is going to be in north dakota, maybe south dakota getting some of that as well as montana. as for up toward canada, alberta and saskatchewan, maybe moderate showers out here. they won't be as intense. showers will be pushing into the northeast. that's nottet a bad thing. it will be helping to push the temperatures down into the weekend. take a look at the highs forecast for friday. 37, new york city, 39 in d.c. and to give you an idea of the departure from average, we're talking about, philadelphia, nine above average, boston, nine above average. so this unrelenting heat is going to be with most of you for the next few days. do take care if that is you. all right. into europe, to the west, showers, nothing too substantial. but the heavy rain is going to be continuing across scandinavia, down through northern germany, and pulling into the baltic states as well. along the front the storms moving down int
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